QRS Capital Management Boosts Stake in Home Depot to $60.97 Million
QRS Capital Management Inc., an institutional investor, has increased its stake in The Home Depot, Inc. (NYSE:HD) by 7% during the second quarter. This translates to an additional 11,256 shares purchased, bringing their total holdings to 172,877 shares valued at $60,970,000.
QRS Capital Management Inc.'s investment is not alone in its growth; other institutional investors have also increased their stakes in The Home Depot. BlackRock Inc., for instance, acquired a new position worth $28,771,247,000 during the second quarter.
The Home Depot's stock price has seen fluctuations, with a 2.8% decrease on Wednesday to $296.78 per share. Despite this, institutional investors remain bullish on the company's prospects, particularly in its Pro business segment. Analysts predict that The Home Depot will post 15 EPS for the current year.